Industry

Alireza Khamehzar, President of the South Khorasan Chamber of Commerce, Industries, Mines and Agriculture, emphasizing the province’s exceptional mining potential, announced that all necessary conditions for investment in the mining sector are in place. He stated: “The red carpet for mining development has been rolled out in South Khorasan, and we are fully prepared, with the support of the private sector and national investors, to expand value creation and mineral processing within the province.”

December 2025 has marked a turning point for the mining sector. Across continents, companies and governments are racing to integrate cutting edge technologies into one of the world’s oldest industries. From autonomous haulage trucks powered by hydrogen to AI driven blast optimization, the mining industry is being re engineered for efficiency, sustainability, and resilience. This transformation is not just about machines—it is about reshaping the workforce, supply chains, and the very future of industrial competitiveness

Yaghout Mining and Metals Development of the Middle East, as a subsidiary of Minerals and Metals Development Investment Company, has over the past two years consolidated its position as one of the country’s most active mining drilling and exploration contractors. This achievement has been driven by the adoption of advanced technologies, equipment modernization, skilled human resources, and the implementation of a structured knowledge management system.

While Iran’s economy struggles under the simultaneous pressure of chronic inflation, sharp exchange rate fluctuations, and a slowdown in construction activity, the latest Iran Mercantile Exchange data for Aban 1404 paints a distinct picture across all four main fronts of the market. In this landscape, copper—posting an approximate 18% month-on-month increase and a 100% year-on-year surge—stands at the epicenter of volatility, while steel, cement, and petrochemicals, each under the shadow of high energy costs, export restrictions, and weakening domestic demand, are seeking a new balance between pricing and survival.

An analysis of Iran’s commodity market data in recent years shows that the inflationary wave and price surges have significantly affected industry, food products, and metals. This report, by examining trends and the underlying causes of these changes, provides a clear picture of the challenges facing economic actors.

Despite limitations, Khouzestan Oxin Steel, through smart management of the challenges ahead, has not only overcome obstacles but has also achieved significant progress in producing strategic products and expanding its markets.

A memorandum of understanding aimed at developing joint cooperation in domestic, regional, and international markets was signed on the sidelines of the 22nd International Metallurgy Exhibition between Mobarakeh Steel Engineering Company and the Iranian Mines and Mining Industries Commercial Company.

A member of the Board of Directors of Central Bafgh Alloy Steel announced plans for the first melt and the launch of the first phase of this major project within the next 18 months, saying that the plan, which will create employment for 530 people directly and 5,000 indirectly, is targeting the markets of Europe and Central Asia.

The Purchasing Deputy of Khouzestan Steel said: “A thirtyfold increase in energy carrier prices and the excessive export of concentrate will create a serious challenge for production.”

Khouzestan Steel aims to capture regional markets with its three-pillar strategy.

While analysts are largely focused on the political and military implications of the upcoming meeting between Mohammed bin Salman and Donald Trump in Washington, Riyadh’s moves in “mining diplomacy” may signal the beginning of a new chapter in the global race for critical minerals—an arena that now influences everything from energy security to the strategic calculus of major powers, and one that directly affects the future of regional mining companies, including those in Iran

On 1 November 2007, Pardis Petrochemical Complex launched its first production phase, marking a major step in Iran’s petrochemical industry. Established with the mission of supporting food security and sustainable development, the complex is now, after 18 years, recognized as the largest producer of ammonia and urea in the Middle East.